Business · Companies · 10 hrs ago
TIM Brazil's adjusted third-quarter profit falls 7.8% to R$1.11 billion
TIM Brazil reported adjusted profit of R$1.11 billion for July through September 2026, down 7.8% from the same period a year earlier.
The Brazilian telecom operator's revenue rose 5.3% to about R$7.07 billion, with growth in mobile services, fiber broadband and business customers.
Higher taxes and financial expenses reduced profit despite the increase in sales and cash generation.
Taxes rose partly because TIM declared less interest on equity, a payment that can reduce its tax bill.
Its fiber customer base grew 13.2% to 931,000, while postpaid mobile lines increased 5.2% to 34 million and prepaid customers declined 9%.
Operating earnings and cash generation increased, while the company's operating costs rose more slowly than inflation.
TIM still plans to return R$5.3 billion to R$5.5 billion to shareholders in 2026; it had paid R$1.56 billion by the end of September.
TIM reported adjusted net profit of R$1.113 billion in the third quarter of 2026, down 7.8% from a year earlier.
Net revenue rose 5.3% to R$7.069 billion, supported by growth in fiber and corporate services.
Operating cash generation increased 11.6%, while costs rose 3.9%, below inflation.
Higher income tax expense and a larger net financial expense weighed on profit.
The company maintained its plan to return R$5.3 billion to R$5.5 billion to shareholders in 2026.
- Who
- TIM, a Brazilian telecom operator.
- What
- Adjusted net profit fell 7.8% year over year to R$1.113 billion, while revenue and operating cash generation rose.
- When
- The third quarter of 2026, covering July to September. Results were reported on November 9, 2026.
- Where
- Not stated.
- Why
- Higher income tax expense, linked to lower declared interest on equity, and increased net financial expenses weighed on profit.
This story does not have two clearly opposing sides.
TIM recorded adjusted net profit of R$1.113 billion for the third quarter, down 7.8% year over year.
TIM’s third-quarter results were reported.
- Adjusted net profit
- R$1.113 billion, down 7.8% year over year
- Net revenue
- R$7.069 billion, up 5.3%
- Operating cash generation
- Up 11.6%
- Normalized income tax and social contribution expense
- R$162 million, compared with R$13 million a year earlier
- Shareholder returns planned for 2026
- R$5.3 billion to R$5.5 billion